NACHA amended their Operating Rules to require Originating Depository Financial Institutions (ODFIs) to identify and register their third-party sender members. However, even credit unions that do not conduct third-party origination are still required to register and acknowledge that in a statement to NACHA. These changes become effective on Sept. 29, 2017, which is the day the registry opens. Credit unions have an implementation period through March 1, 2018, to register all of their third-party senders.

Cornerstone Credit Union League and Credit Union National Association are analyzing the short-term, small-dollar loan rule just released by the Consumer Financial Protection Bureau. CUNA and Cornerstone had numerous concerns with the rule as originally proposed, not least of which was that it could rob consumers of safe and affordable alternatives to predatory loans.

CUNA filed its lawsuit Wednesday against Equifax, a suit brought in the wake of a data breach resulting in hackers accessing information on 145.5 million consumers and payment card data of more than 200,000 consumers.

Paying off the mortgage, once a widespread rite of passage for homeowners approaching retirement, has become less common in recent years. Concerns are mounting that the increasing prevalence of housing debt among older homeowners could compromise financial security in retirement by expanding housing affordability problems, crimping essential non-housing spending, increasing vulnerability to home loss through foreclosure, or limiting the accumulation of housing wealth.

Interaction between credit union personnel and their members hinges on increasingly fewer opportunities. Frontline staff, MSRs, lending staff, and supervisors all represent the credit union brand. But how exactly is that accomplished?